Wall Street brokerages predict that Johnson Outdoors Inc. (NASDAQ:JOUT) will announce $0.02 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Johnson Outdoors’ earnings, with estimates ranging from $0.00 to $0.03. Johnson Outdoors reported earnings of ($0.21) per share in the same quarter last year, which indicates a positive year over year growth rate of 109.5%. The company is scheduled to report its next quarterly earnings report on Monday, December 11th.
According to Zacks, analysts expect that Johnson Outdoors will report full year earnings of $3.50 per share for the current year, with EPS estimates ranging from $3.49 to $3.51. For the next year, analysts expect that the company will report earnings of $3.13 per share, with EPS estimates ranging from $3.12 to $3.14. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Johnson Outdoors.
Johnson Outdoors (NASDAQ:JOUT) last issued its earnings results on Friday, August 4th. The company reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.63. The business had revenue of $155.27 million for the quarter, compared to the consensus estimate of $149.29 million. Johnson Outdoors had a net margin of 6.85% and a return on equity of 12.90%.
JOUT has been the subject of several research analyst reports. Imperial Capital raised their target price on Johnson Outdoors from $49.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. They noted that the move was a valuation call. Zacks Investment Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine raised Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub raised Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Finally, Forward View raised Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Johnson Outdoors presently has a consensus rating of “Buy” and a consensus price target of $67.00.
Johnson Outdoors (JOUT) opened at 73.07 on Friday. The firm has a market capitalization of $718.42 million, a P/E ratio of 22.57 and a beta of 0.76. The company’s 50-day moving average is $66.08 and its 200-day moving average is $49.90. Johnson Outdoors has a one year low of $31.25 and a one year high of $76.18.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, October 12th. This is a positive change from Johnson Outdoors’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. Johnson Outdoors’s dividend payout ratio (DPR) is currently 11.15%.
In other news, Director Terry E. London sold 1,127 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $59.81, for a total transaction of $67,405.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David W. Johnson sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $67.02, for a total value of $67,020.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,077 shares of company stock valued at $322,834. Insiders own 28.03% of the company’s stock.
Several institutional investors have recently made changes to their positions in JOUT. AQR Capital Management LLC purchased a new stake in shares of Johnson Outdoors during the 1st quarter valued at $1,883,000. FMR LLC increased its position in shares of Johnson Outdoors by 52.8% during the 1st quarter. FMR LLC now owns 138,613 shares of the company’s stock valued at $5,059,000 after purchasing an additional 47,913 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Johnson Outdoors by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 196,830 shares of the company’s stock valued at $7,184,000 after purchasing an additional 24,147 shares during the last quarter. Bowling Portfolio Management LLC purchased a new stake in shares of Johnson Outdoors during the 2nd quarter valued at $1,152,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Johnson Outdoors during the 2nd quarter valued at $1,007,000. 59.48% of the stock is owned by hedge funds and other institutional investors.
About Johnson Outdoors
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.
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